Our Newsletter August 2018

There’s good news this month for Toronto’s real estate market. TREB has released the data for July 2018, and for a second consecutive month, sales were up year-over-year! The 6,961 transactions represent a substantial 18.6% annual gain, making this the largest year-over-year increase in monthly home sales since September 2016. The average price of $782,129 represents a 4.8% jump from last year.

July’s sales mix also reveals an increased appetite for low-rise housing. While all housing categories were up from a year earlier, within the 416, the biggest gains were in townhomes (+30.8%), detached homes (+22%), and semi-detached homes (+16.9%), compared to condos, which were up a more modest 5.8% from July 2017.

SOURCED FROM TREB JULY 2018 FOR CENTRAL TORONTO. FOR STATISTICAL USE ONLY.

STRANGE BUT TRUE

Little know facts from 140 years of The Ex

By Joshua Sherman

This year, the Canadian National Exhibition (CNE) celebrates its 140th birthday when it returns to Exhibition Place in August. Though today it may be best known for staples like the air show, food building, thrill rides (2018 will be the 91st anniversary of the tilt-a-whirl) and midway, the iconic Toronto event does have a long history of esoteric, if not questionable, offerings.

Just ask CNE archivist Alicia Cherayil. She’s been working for The Ex since 2010. As CNE staff work to digitize some roughly half-million negatives in an effort to save them before they deteriorate, Cherayil is regularly finding out new things about the celebration. “We’re learning a lot just from scanning,” she says.

To help celebrate our diverse and dynamic community, we are proud to bring youTHE COLLECTION by Harvey Kalles Real Estate.With an editorial lineup that regularly shines a light on the cultural centres, interest groups, entrepreneurs and personalities that make Greater Toronto such a dynamic region, every member of the family is certain to discover something to entertain and captivate their imagination.

Copyright 2019 All rights reserved. Toronto Real Estate Board (TREB) assumes no responsibility for the accuracy of any information shown. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose.